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11. (...) Chile has 32 trade agreements covering more than 60 economies and, in some cases, that go beyond market liberalization and include initiatives focused on issues such as digital markets, e-commerce, regional and global value chains, the environment, gender and MSMEs. (...)

16. Imports into Chile of certain goods are subject to prior checks, by means of authorizations, certifications, endorsements or approvals. Prior checks are carried out mainly to protect human, animal and plant health, for environmental or public safety reasons, and to comply with international agreements. (...)

24. (...) Agricultural policy is organized around various key areas, including the climate emergency, sustainability, food sovereignty, competitiveness based on innovation and foreign trade. (...)

26. (...) The National Mining Policy 2050, adopted in 2022, seeks to modernize the mining legal framework and achieve carbon neutrality in the sector by 2040. (...)

27. During the review period, Chile significantly increased its capacity to generate electricity from renewable sources, mainly solar and wind, and continued to promote the incorporation of this type of energy into its energy matrix. The objectives of the national policy, Energy 2050, include ensuring that at least 80% of the electricity produced in the country comes from renewable sources by 2030 and 100% by 2050. To make progress in meeting these objectives, Chile adopted the Electricity Matrix Decarbonization Plan in 2019, supplemented by the Just Energy Transition Strategy in 2021, which sets out the process of decommissioning 28 coal-fired power plants in the country by 2040. As of December 2022, eight had been closed. The National Green Hydrogen Strategy was approved in 2022, which aims to ensure that all new light and medium-sized vehicles sold in the Chile by 2035 are electric. Similarly, the Framework Law on Climate Change was adopted in June 2022, which sets the objective of achieving carbon neutrality by 2050.(...)

1.2.   (...) The share of agriculture in GDP also contracted slightly during the review period, from 3.3% in 2015 to 2.8% in 2021, mainly as a result of reduced activity due to the pandemic and recurrent droughts (Section 4.1). (...)

Table 1.1 Main economic indicators, 2015-22
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Share of GDP by activity (% of GDP at current prices): Electricity, gas and water supply and waste management: (2015) 3.0, (2016) 3.1, (2017) 3.1, (2018) 2.9, (2019) 3.2, (2020) 3.3, (2021) 2.5, (2022) 2.1
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Table 1.1 Main economic indicators, 2015-22
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GDP by expenditure category (real growth rate): Water supply; sewerage, waste management and remediation activities: (2015) 0.5, (2016) 0.6, (2017) 0.6, (2018) 0.5, (2019) 0.6, (2020) 0.8, (2021) 0.7, (2022) 0.7
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1.9.   (...) The IMF report notes that the authorities' are of the view that a successful implementation of the Fintech Law (Section 4.4), measures to deepen capital markets, efforts to develop an institutional framework for lithium (Section 4.2) and progress on the climate agenda could foster productivity and potential growth.(...)

1.13.   Furthermore, the measures for micro-, small and medium-sized enterprises (MSMEs) (with up to 100,000 units of account (UF) in sales) were retained as an incentive for saving and investment, including a deduction from the amount of taxable income for reinvested profits. These measures were adopted thanks to the reform introduced by Law No. 21.210 with respect to Law No. 20.780, which also amended "green taxes" to allow for a better application of: (a) the tax on stationary emission sources of carbon dioxide (CO2), as well as particulate material (PM), nitrogen oxides (NOx) and sulphur dioxide (SO2); and (b) the tax on new, light- and medium-duty motor vehicles in proportion to the environmental damage that the vehicle in question causes during its useful life, based on its NOx emissions, to its urban performance and to the sale price.(...)